Daily Insurance Industry News
Daily Insurance Industry News
Monday 19th of February 2018
January 9, 2008

NU tips to lower motor premiums

by Gill Montia

Story link: NU tips to lower motor premiums

Norwich Union has begun the New Year by issuing some handy tips to motorists who would like to reduce the cost of their car insurance.

Surprisingly some policyholders can achieved this by adding a named driver (with a clean licence) to their policy, as many insurers give discounts on policies where there is a second driver.

The insurer also recommends buying online, which can save around 10%, and not opting for courtesy car cover unless it is deemed absolutely necessary.

Drivers who travel under 8,000 miles a year could consider Norwich Union’s Pay As You Drive scheme.

This involves fitting the vehicle with a device that records mileage and the times of day when travelling takes place. Bills are then produced on a monthly basis, with a full print out of the policyholder’s movements.

Norwich Union spokesman, Erik Nelson, recommends spring cleaning and suggests: “If you have a garage, why not clean it out to keep your car in it? That will also help to reduce premiums if you’re keeping your car off the street.”

Finally, anyone looking to safety factors to avoid accidents and subsequent claims could benefit from a tyre safety alarm.

Norwich Union also recently published the results of the UK Roadside Assistance Study, an annual survey undertaken by J D Power and Associates, the consumer research company.

The survey questioned over 3,000 UK motorists and showed that RAC received the highest ratings for three factors in customer satisfaction: timing (time taken for help to arrive and time taken at the scene), operator/dispatcher (including time taken to answer the phone, friendliness and reassurance) and mechanic/vehicle driver (includes appearance, courtesy and the ability to do what was needed).


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